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Moving products and services efficiently from one place to another requires logistics management. The same supply-chain management strategy is used in global logistics-only the number of variables is amplified. One of the best definitions of business logistics is “the process of planning, implementing, and controlling the effective and efficient flow of goods and services from the point of origin to the point of consumption.” The word “logistics” dates back more than 100 years, though we tend to equate the term now to the modern processes and technologies that have expedited materials management and distribution. The advantages to developing effective global logistics are many: new revenue opportunities from new markets is the most obvious, but there may also be increased economies of scale, and lower cost sourcing for everything from components to labor. Centralizing global production is one of the best ways to lower per-unit costs and resource budgets. The challenge comes in establishing relationships with international supply-chain partners, and/or building a global sales organization. It’s not enough to put all the pieces in place; it must be done in a way that maintains quality control across longer transit distances and transit times, and that delivers products to the end user at a reasonable value. The longer the supply chain, the more vulnerable it might be to damage or delivery interruptions caused by weather, equipment failure or other obstructions. While global logistics can be modeled, analyzed, visualized, and optimized with sophisticated simulation software, this is a procedure that will always be more reliant on human resources than machines to get the job done.
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In the recently released Annual Cargo Theft Report 2023 by TT Club and BSI SCREEN Intelligence, high inflation emerges as… Read More
Surging Demand: Air Freight Growth Defies Seasonal Trends
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Fostering Resilience: U.S. Department of Commerce Commemorates Supply Chain Integrity Month
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Build Streamlined Logistics with Route Optimization Algorithms
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Revitalizing Growth: Harnessing Competition for Economic Prosperity in Latin America and the Caribbean
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Descartes Releases April Global Shipping Report: March U.S. Import Container Volume Continues Strong Trajectory
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its April Global Shipping Report for logistics and… Read More
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Supply chain professionals hold plenty of sensitive information about businesses and their beneficiaries. Guarding this data has become more challenging… Read More
Adapting to Emerging Global Trade Routes
In the wake of recent geopolitical crises, global trade routes have undergone significant transformations, necessitating a reevaluation of how goods… Read More
“Maryland Governor: Baltimore Port to Resume Full Function by May’s End”
Maryland Governor Wes Moore has announced an ambitious plan to restore full functionality to Baltimore’s key shipping lane by the… Read More
Insights into Trade Market Trends: An Investor’s Guide
In the world of investing, a variety of factors persistently influence trends and impact investment choices. For investors navigating this… Read More
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